Six Clauses for Every LLC – Part 2
The purpose of this post is to provide investors with some guidance in creating their LLCs. So far, I have covered three of six points that in my experience have…
liability
Six Clauses Essential for Every LLC – Part 1
A properly drafted operating agreement can greatly enhance the liability protection. An improperly drafted operating agreement will do the opposite, leaving creditors a superhighway of access to the assets. The…
Will Your Real Estate Asset Protection Stand up in a Fight
How much protection can you truly expect to receive from a Corporation or Limited Liability Company as a real estate investor? If you listen to some purveyors of asset protection…
What’s in a Contract? Almost Everything You Need to Know About Contractor Contracts
[Big Disclaimer: I am not a lawyer and I don’t play one on TV. The information I provide below is just my opinion based on my experiences, and shouldn’t be…
Piercing the Veil: Holding Owners Liable for the Acts of the Business
While visiting the Starting Out Forum here on BiggerPockets, I read through a thread titled “LLC Controversy”. Instead of responding to the thread directly, I decided to write this blog…
The Asset Protection Misconception: Why Insurance Alone Isn’t Enough
“Why did my financial advisor tell me that in order to achieve asset protection for my investment properties, I only need a general liability policy?” This is a question I…
